Shearwater GeoServices Holding AS announced a technology sale and transfer agreement between its US subsidiary Shearwater GeoServices Software Inc and ConocoPhillips Company, involving seismic imaging technology that will be implemented in Shearwater's Reveal software. With this partnership, the companies will collaborate closely to allow Shearwater to incorporate ConocoPhillips’ Compressive Seismic Imaging and other imaging-related algorithms into Reveal. CSI enables geoscientists to reconstruct more accurate and higher quality seismic images with less data, and has enabled ConocoPhillips to improve decision quality, reduce cost and improve efficiency when exploring new areas. The technology will be commercialized for existing and future customers.As part of the collaboration, ConocoPhillips will become a user of Shearwater’s industry leading Reveal seismic processing and imaging software while Shearwater has committed to support future development and use of the CSI technology, and to provide ConocoPhillips with potential future seismic acquisition design and imaging services. The agreement also involves world-leading high-performance computing infrastructure with over 4,500 compute nodes and 50 Petabytes of storage, which will be deployed throughout Shearwater’s seismic acquisition fleet.Compressive Seismic ImagingCSI uses algorithms to optimize the process of selecting nonuniform data collection points instead of the traditional method of using uniform sampling, which involves collecting data on a regular grid. It enables geoscientists to reconstruct higher-quality, more-accurate images with less data.Shearwater Reveal is the only seismic imaging and processing software designed and built entirely in the 21st century. It provides time and depth processing and imaging for both land and marine environments from within a single user interface. Shearwater uses Reveal internally for all processing projects, ensuring continuous development. The software is licensed to oil and gas companies, contractors, consultants and is used by academia for both teaching and research
Shearwater GeoServices Holding AS announced a technology sale and transfer agreement between its US subsidiary Shearwater GeoServices Software Inc and ConocoPhillips Company, involving seismic imaging technology that will be implemented in Shearwater's Reveal software. With this partnership, the companies will collaborate closely to allow Shearwater to incorporate ConocoPhillips’ Compressive Seismic Imaging and other imaging-related algorithms into Reveal. CSI enables geoscientists to reconstruct more accurate and higher quality seismic images with less data, and has enabled ConocoPhillips to improve decision quality, reduce cost and improve efficiency when exploring new areas. The technology will be commercialized for existing and future customers.As part of the collaboration, ConocoPhillips will become a user of Shearwater’s industry leading Reveal seismic processing and imaging software while Shearwater has committed to support future development and use of the CSI technology, and to provide ConocoPhillips with potential future seismic acquisition design and imaging services. The agreement also involves world-leading high-performance computing infrastructure with over 4,500 compute nodes and 50 Petabytes of storage, which will be deployed throughout Shearwater’s seismic acquisition fleet.Compressive Seismic ImagingCSI uses algorithms to optimize the process of selecting nonuniform data collection points instead of the traditional method of using uniform sampling, which involves collecting data on a regular grid. It enables geoscientists to reconstruct higher-quality, more-accurate images with less data.Shearwater Reveal is the only seismic imaging and processing software designed and built entirely in the 21st century. It provides time and depth processing and imaging for both land and marine environments from within a single user interface. Shearwater uses Reveal internally for all processing projects, ensuring continuous development. The software is licensed to oil and gas companies, contractors, consultants and is used by academia for both teaching and research
